02/06/2023
Why is Reliable Life and Health Insurance has the best compensation plan?
Aggressive Compensation Plan
Compensation Now Tops 140%!
What is an aggressive compensation plan and how does it work? Afterall, whoever heard of making more than 100% compensation? For most people, especially those new to selling life insurance, simple math tells them that there’s nothing more than 100%. However, at this insurance agency compensation really does go beyond…way beyond.
Aggressive Compensation Plan as Explained
At this insurance agency they offer aggressive compensation. Their comp plan tops off at 140%, well above the industry average. We believe in the producers being able to net as much money possible off of their personal production. Raises in commission are given every two months based upon issued paid productivity.
More of the Insurance Carriers Advance
How the Aggressive Compensation Plan Works
You take the monthly premium and multiply it by 12 (months) to get the full Annual Premium. Say your compensation is 90%, you then multiply .90 by the total annual premium to get your commission on that sale.
Most insurance carriers will advance 75% of that 90% commission right up front. Then in months 10-12, the final 25% of the commission will be paid out.
In the illustration below, based on a $1000 annual premium and a 90% commission, within a few days of submitting the policy and the first premium being drafted, $675 would be deposited into your account.
The main reason for insurance agency aggressive compensation plan is the agents. Without their agents, families would not get the coverage they need.
In fact, if you are an active insurance agent considering this insurance agency, if they cannot give you higher compensation than what you are getting now, then you should feel very comfortable where you are currently. In other words, they are absolutely confident that you are not going to find a better compensation program anywhere.
“You do the majority of the work, so you should get the majority of the money.”
